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Neil Woodford’s Equity Income fund was suspended in June 2019, trapping around 300,000 retail investorsPhoto: Alamy Stock Photo
The Financial Conduct Authority has fined Neil Woodford £5.9m for failures relating to the collapse of his flagship Equity Income fund in 2019.
The UK regulator has also fined Woodford Investment Management, the company he founded in 2014, £40m and banned the former star stock picker from holding senior manager roles and managing funds for retail investors.
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